Bond yields were little changed early Thursday as traders kept their powder dry ahead of important inflation data.
What’s happening What’s driving markets The personal consumption expenditure price index for July will be published at 8:30 a.m. Eastern.
Markets are pricing in an 89% probability that the Fed will leave interest rates unchanged at a range of 5.25% to 5.50% after its next meeting on September 20, according to the CME FedWatch tool. Other U.S. economic updates set for release on Thursday include the weekly initial jobless claims at 8:30 a.m., and the Chicago Business Barometer for August, released at 9:45 a.m.
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